Red Emperor Resources (RMP) is an ASX and AIM listed natural resources exploration company
with interests in the frontier state of Puntland, Somalia and the Republic of
Georgia.

* In Puntland, Red Emperor holds a 20% working interest in two licences
encompassing the highly prospective Dharoor and Nugaal valleys. These two
exploration areas cover over 36,000km2. The first well in a two well
programme spudded with drilling also commenced on the second well in
January 2012 targeting 300mmbls and 375mmbbls of best estimate Prospective
Resources (100% basis). Site construction has commenced on the second well
with the setting of the 30 inch surface casing and the drilling of a 50
meter pilot hole in readiness for spudding following the completion of the
first well.

* In the Republic of Georgia, Red Emperor has a 20% working interest in
onshore blocks VIa and VIb, covering approx. 6,500km2. Joint Venture
partner Range Resources Limited (ASX: RRS | AIM: RRL) previously funded a
410km 2D seismic program with independent consultants RPS Energy
identifying 68 potential structures containing an estimated 2.045 billion
barrels of oilinplace (on a mean 100% basis) with the first (Mukhiani-1)
of two exploration wells having spudded in July in 2011. Re-interpreted
seismic supported by the Mukhiani-1 vertical seismic profiling has
identified new fault and stratigraphic trapping potential with the
possibility of a side track well to be drilled post additional seismic in
2H 2012.



As at 8th March 2012, the Company has 206,681,755 ordinary
shares in issue. The Company holds no shares in treasury and each share carries
one vote. This figure may be used by shareholders in the Company as the
denominator for calculations by which they will determine if they are required
to notify their interest in, or a change to their interest, under the
Disclosure and Transparency Rules.

Cash call is the rumour.

Thats what im thinking mitzy, its been crashed down. Watch this space for imminent news.

Down goes the sp = selling pis = cash call = institutions buying = climbing sp .

dream on!

Whats the dream on part halifax -

1. Down goes the sp ? You can see that today

2, selling pis ? want to go to spec savers if you cannot see this today.

3. cash call ?

4. Institutions buying ?

5. climbing sp eventually ?

Dream on can only be 3, 4 or 5 ?

or perhaps the usual duster.

DreamCatcher

Forgive my ignorance but what is "selling pis"?

lol.,.

.

pis - public investors. lol

If it's marketable...I will make a fortune....lol....

Red Emperor says it will drill to planned depths
StockMarketWire.com
Red Emperor Resources has said it is aware of negative statements and commentary being circulated in respect of progress with the Shabeel-1 well currently being drilled in Puntland by a joint venture between the company, Horn Petroleum (the operator of the well) and Range Resources.

It wishes to confirm that the well has not yet reached depths targeting primary reservoir.

The forward plan on the well (currently at 2,953 metres) is to drill ahead to the originally planned depth of 3800 metres to evaluate the primary and secondary reservoir targets (which to date have not been reached) in the Lower Cretaceous and Jurassic intervals equivalent to the main productive section seen in the analogous fields in Yemen.

A testing programme including the zones of interest seen to date and any deeper potential pay zones identified will be agreed with partners at that time. Upon completion of this well, the joint venture plans to move the rig to the Shabeel North location on which construction is nearing completion.

Range Resources has made a similar statement.



At 10:43am: (LON:RMP) share price was +3.25p at 33p

Looks like it will hold above 30p

Horn up 15%

Good rise today, money should start to come in on this share now.

BRIEF-Red Emperor Resources NL requests trading halt
Published: Wednesday, 25 Apr 2012 | 7:28 PM ET Text Size Twitter
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April 26 (Reuters) - Red Emperor Resources NL :

* Trading halt

* Requests trading halt pending announcement in relation to a capital raising

(C) Reuters 2012. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters.

BRIEF-Red Emperor Resources NL requests trading halt
Published: Wednesday, 25 Apr 2012 | 7:28 PM ET Text Size Twitter
0

LinkedIn
0

Share


April 26 (Reuters) - Red Emperor Resources NL :

* Trading halt

* Requests trading halt pending announcement in relation to a capital raising

(C) Reuters 2012. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters.

Great news the above. Perhaps public investors will not see this. Cash has to be raised.
This explains why the sp has been static over the last week to ten days. ll's selling to purchase cheaper placement shares.
Very large rises after the past capital rises in the past. I did wonder why horn was
powering up and we we were going nowhere. If these shares go out to ll's this gives great confidence. Looking great now for good future news, bring it on.

This was called on post 622, 623 and a certain poster said dream on.{halifax) Lol sorry we are not in a dream here. lol

I have great confidence now. :-)) Should see a good rise today?